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Stock futures are little changed after Dow posts worst session since March 2023: Live updates

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4 months ago

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Stock futures are little changed after Dow posts worst session since March 2023: Live updates

25 Mins Ago

Stocks making the biggest moves after hours

Check out some of the companies making headlines in extended trading.

  • Ross Stores – Shares of the discount clothing store jumped 7%. Ross Stores reported first quarter earnings of $1.46 per share on revenue of $4.86 billion. Analysts polled by LSEG anticipated earnings of $1.35 per share and revenue of $4.83 billion.
  • Workday — The enterprise management company pulled back 10% after the company’s subscription revenue guidance missed Wall Street estimates. Workday expects second-quarter subscription revenue guidance of $1.895 billion, while consensus forecasts called for $1.9 billion, per StreetAccount.
  • Intuit – The owner of TurboTax fell 7% on soft guidance for the current quarter. Intuit called for fiscal fourth-quarter adjusted earnings of $1.80 to $1.85 per share, while analysts polled by FactSet predicted $1.92 per share. Fiscal-third quarter results beat the Street’s expectations on the top and bottom lines, however.

Read the full list here.

— Brian Evans

26 Mins Ago

Coinbase jumps after hours as SEC opens the door to ether ETFs

Coinbase advanced 5% in extended trading after the Securities and Exchange Commission approved a rule change that would pave the way for ETFs that buy and hold ether. Robinhood gained 2%.

While both companies offer cryptocurrency trading, Coinbase could stand to benefit more from the introduction of ether ETFs as it offers a slew of other crypto services, including custody and staking, as well as a larger selection of tradeable assets. Coinbase also operates a blockchain, called Base, that’s built on the Ethereum network.

The price of ether rose just 2% Thursday evening. Earlier in the week it rallied more than 20% over two days on investor optimism around the SEC’s decision, and it’s now on pace for its best week in more than a year.

Read more about how ether ETFs could benefit Coinbase on CNBC Pro.

— Tanaya Macheel, Jesse Pound

46 Mins Ago

Stock futures are little changed Thursday

Stock futures were little changed on Thursday, after all three major indexes ended regular trading lower with the Dow Jones Industrial Average notching its worst session since March 2023.

Futures tied to the 30-stock Dow slipped 4 points, or 0.01%. S&P 500 futures ticked up 0.03%, while Nasdaq 100 futures slipped 0.05%.

— Brian Evans

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